TITLE 4: ECONOMIC RESOURCES
DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
§ 4574. Duty to Demand Payment. (a) A shareholder sent a dissenters’ notice described in 4 CMC § 4573 must demand payment, certify whether he acquired beneficial ownership of the shares before the date required to be set forth in the dissenters’ notice pursuant to 4 CMC § 4573(b)(3), and deposit his certificates in accordance with the terms of the notice. (b) The shareholder who demands payment and deposits his shares under subsection (a) of this section retains all other rights of a shareholder until their rights are canceled or modified by the taking of the proposed corporate action. (c) A shareholder who does not demand payment or deposit his share certificates where required, each by the date set in the dissenters’ notice, is not entitled to payment for his shares under this chapter. Source: PL 10-7, § 1 (Bus. Corp. Reg. § 13.23).